Dear Friends,

We will a see a quick update on BTC with this article.

BTC is currently trading at $ 67537 with a marginal down of 0.61% from yesterday. But it has rallied 4% in the past 1 week.

If we see RSI, before last two weeks, it was in the oversold region. But it is now in the overbought region territory.

BTC was trading around $ 56000 before 2 weeks which was a strong long time support. We have also mentioned that more likely this would be the bottom price at that moment. 

I have also mentioned that I have done entries in ETH and BNB. 

BTC faced a resistance at $64900 level and it successfully moved ahead and trading at this price level.

The next resistance for BTC is at $68,000. If it crosses further the next level would be $69300-400 level. 

If it crosses this level, there are more chances for BTC to go to $72000 levels. 

To confirm it further, we need to look at the liquidity chart also. 

We see the higher liquidity at 67500$ range in the higher side. But in the download, we can find higher liquidity at $ 65800 level. 

And one more interesting update is that ETH ETF would be started to trade from this week. 

CBOE has confirmed that ETH ETF would be started from 23 July 2024. 

So I think once ETH ETF would started trading, BTC may come to its 65800 range and most likely to move further. 

As ETH ETF news around the corner, most number of people would love to trade in ETH counters.  

If we see the ETH charts, the next resistances are at $3700 and $ 4025,$ 4600, $4800.

If ETH starts pumping, it will reduce the BTC dominance (currently at 54.5) and would start the alt season which which we are all waiting.

Let's stay in the market with our investments!